Perspective: Sweet revenge for damage inflicted by the Trumpublican tax bill
By Allan Sloan Allan Sloan Email Bio Columnist April 12 Tax revenge is sweet. And it can be profitable, as well.I’ve been writing for the past 15 months about how some of us who live in high-cost, high-tax blue states can get a measure of tax revenge for the damage that Donald Trump and his Republican accomplices inflicted on us in the 2017 tax bill by limiting federal deductions for state and local taxes to $10,000 a year.
These “qualified charitable distributions” — which we’ll call QCDs from now on — consist of checks made out to charities rather than to the people taking retirement account distributions. Then there’s the tax break that Schwartz, who has put up with my irreverent questions for more than 20 years, got me on my earnings from The Post and ProPublica. I’m a contractor, not an employee, at both places.
Even I could see that paying tax on zero percent of my after-expenses contractor income is better than paying tax on 80 percent of it. Trump addendum: I’d love to see Trump’s personal tax returns even though, as I wrote two years ago after consulting various tax experts, there’s probably no way they’d show anything like “income from Russian oligarchs.”
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Opinion | In Sudan’s revolution, the hardest part comes nextVictory over the dictator is sweet, but a long struggle lies ahead.
Weiterlesen »
Forget The Black Hole Picture — Check Out The Sweet Technology That Made It PossibleToday, a black hole observed … tomorrow, a pothole avoided? On Wednesday, researchers with the Event Horizon Telescope project released the first images ever ta…
Weiterlesen »
Sticky, sweet and bright, these recipes show honey in a savory lightHoney has a home on the dinner table in luscious poached salmon, miso-honey corn and a spicy-sweet steak.
Weiterlesen »
From danger zone to sweet spot, BNY Mellon picks Europe as top global playMuch of Wall Street may consider Europe a danger zone for investors, but BNY Mellon's Alicia Levine lists it as a top market pick.
Weiterlesen »
Sweet seats and candy canes: Inside Fiat Chrysler's Toledo turnaroundLots of workplaces have a hot seat. At the Jeep assembly plant in Toledo, Ohio, ...
Weiterlesen »
Priyanka Chopra Just Got Brutally Honest About The Start Of Her Relationship With Nick JonasPriyanka Chopra Revealed The Unusual But Super Sweet Nickname She Has For Nick Jonas
Weiterlesen »
Cord-cutting millennials are geeking out over Disney+, which promises a sweet nostalgia fixDisney+ will allow millennials to relive their childhood favorites, including 'Kim Possible' and 'Boy Meets World'
Weiterlesen »